Daily Market Update (Equities)
Today, the Nigerian Equities market witnessed a loss with the All-Share Index (ASI) declining by 1.50% to settle at 103,106.90 points. This was driven by losses in Access Holdings, UBA and Dangote Sugar, which offset the gains in Geregu, Ecobank and Wema bank. Consequently, the market’s year-to-date returns (YTD) fell to 37.89% compared to yesterday’s 39.99%.
Today, the total Volume and Value traded dipped by 3.11% and 56.60% each to reach 648.95mn units and NGN11.09bn respectively. JAPAULGOLD led the charts for the consecutive trading day in terms of total Volume traded while ACCESSCORP traded the highest in terms of Value.
The top gainers for today were GEREGU, ELLAHLAKES and ETI while LINKASSURE, ACCESSCORP and GUINEAINS led the decliners’ chart.
Daily Market Update (Fixed Income)
Today, the NT-bills secondary market closed negative as the average yield went up by 0.60% to settle at 8.93%. Similarly, the FGN bond market closed on a negative note as the average yield surged by 0.09% to settle at 14.03%. Overall, the Naira Fixed Income market negative as the average yield increased by 0.34% to settle at 11.43%.
